Pirelli remains with F1 until 2023

By Courtesy of Pirelli
November 25 2018

Pirelli remains with F1
until 2023

Pirelli will
remain as Global Tyre Partner of the FIA Formula One World Championship for
a further four years, after renewing its current contract - which lasts
until the end of the 2019 season - to extend from 2020 to 2023.

The agreement was completed in a short timeframe, following on from the
successful partnership over recent years. FOM and Pirelli have agreed on all
initiatives requested by the sport currently, and have reaffirmed their
commitment to work together towards the new technical regulations expected
for 2021, including the 18-inch tyre.

Chase Carey, Formula 1 Chairman and CEO, said: “Pirelli have been an
important and valued partner to Formula 1® since 2011. They are leaders in
providing innovative state of the art capabilities. They are a premium
brand, a clear global leader in motorsport and our ongoing partnership with
them is proof once more of our desire to align F1 with the best in
motorsport and beyond. We are delighted to have reached this agreement,
which guarantees a long-term stable future for such a crucial component of
Formula 1®”.

Jean Todt, FIA President: “I am happy to have Pirelli appointed for another
period as official tyre supplier to the FIA Formula 1 World Championship. It
will allow all of us to enjoy the experience gained since 2011. We know how
crucial and difficult is the role of the tyre supplier and, particularly, in
Formula 1”.

Marco Tronchetti Provera, Pirelli Vice President and CEO, commented: “It’s
excellent news that Pirelli is prolonging its partnership with Formula One
until 2023. This new agreement extends our presence to a total of 13 seasons
in the modern era, with Pirelli also present in 1950, when the World
Championship was inaugurated. Formula One is and will remain the pinnacle of
motorised competition: the perfect environment for Pirelli, which has always
defined motorsport as its most advanced technological research and
development laboratory. Formula One provides the perfect showcase for our
Ultra High Performance road car tyres, which equip the world’s most
desirable prestige and premium vehicles to guarantee the highest standards
of performance, sustainability and safety.”